Ohio Rural Development (Part I)

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Our mission is to enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through …

Our mission is to enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential

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  • 1. RURAL DEVELOPMENT OHIO UNITED STATES DEPARTMENT OF AGRICULTURE
  • 2. Our Mission
    • To enhance the ability of rural communities to develop, to grow, and to improve their quality of life by targeting financial and technical resources in areas of greatest need through activities of greatest potential
  • 3. Our Structure Hillsboro Area Office Area Director Ms. Lynn Stevens Community Programs Specialist Mr. Ashley Kelly Single Family Specialist Ms. Linda Ayres-Louiso Multi-Family Specialist Ms. Kandy Dudley
  • 4. Program Areas
    • Rural Business Programs
    • Rural Housing Programs
    • Community Development Programs
  • 5. Rural Business Programs
    • Business and Industry Loan Guarantee
    • Intermediary Relending Program
    • Rural Business Opportunity Grants
    • Rural Business Enterprise Grants
    • Value Added Agriculture Marketing Grants
    • Cooperative Development
    • Renewable Energy Programs
  • 6. Business and Industry Loan Guarantee
    • Guarantee up to 80% of a private lender’s loan for a business that will create/retain jobs
    • Eligible Areas: 50,000 or less Population
    • Typical Loan Guarantee is $1 - 2 million but range from $500,000 to $10 million
    • Incentive to Banks – secondary market
    • Incentive to Business – a secured loan can warrant favorable terms and rate
  • 7. Successful Business Partnerships The Making of Old Glory Rural Development awarded the Annin Flag company in Coshocton, OH with a B&I loan of $1.6 million to help them upgrade their facilities and production capacity
  • 8. Intermediary Relending Program
    • A loan to a non-profit or public entity
    • Rate of 1%, Term of 30 years
    • Up to $750,000 a year
    • Funds are reloaned to rural businesses
  • 9. Rural Business Opportunity Grants
    • Grants to non-profits and public bodies for training, planning and technical assistance for rural economic development in communities of 10,000 population or less
    • National competition for funding
  • 10. Rural Business Enterprise Grants
    • Grants to non-profits and public bodies to develop small and emerging rural business enterprises
    • State allocation of a little over $1 million
  • 11. Rural Business Enterprise Grants Truck Driving Simulator Rural Development awarded Southern State Community College, Hillsboro, OH with an RBEG for $30,000 to help with its truck driving program
  • 12. Value Added Agriculture Marketing Grants
    • Physically segregates an agricultural commodity/product to enhance its value
    • Helps expand customer base for products, commodities
    • Result in greater portion of revenues being available to producer
  • 13. Cooperative Development
    • Rural Cooperative Development Grants – Grants made to establish rural co-op centers
    • OSU South Centers successful applicant in Ohio
  • 14. Rural Cooperative Development Grant (Left to right) Representing OSU South Centers, Steve Baertsche, Keith Smith, Travis West, Randy Hunt, Tom Worley and Dave Hahn share in the announcement of a $345,258 USDA Rural Cooperative Development Grant Cooperative Grant Recipient – OSU South Centers
  • 15. Renewable Energy
    • Renewable Energy Grant Program
    • Energy Efficiency Grants
  • 16. Community Facilities Program
    • Direct WWD loans and grants
    • Guaranteed WWD loans
    • Direct CF loans and grants
    • Guaranteed CF loans
  • 17. Community Facilities Program
    • Direct WWD loans and grants
    • Guaranteed WWD loans
    Construction of a new Water Treatment Plant and Water Tower in New Paris, OH Preble County
  • 18. Community Facilities Program
    • Direct CF loans and grants
    Highland County HI-TECH Center Hillsboro, OH
  • 19. Community Facilities Program
    • Direct CF loans and grants
    Rarden Fire Department Rarden, Ohio Scioto County
  • 20. Community Facilities Program
    • Guaranteed CF loans
    Preble County YMCA Eaton, Ohio